Գնաճը և աղքատությունը. համաշխարհային տնտեսության զարգացման միտումները / Inflation and Poverty: Trends in the Development of the World Economy

Abstract

Today we constantly hear that inflation is the highest in the last 40 years. The question of how to better control inflation is back on the agenda of economic policy. It should be borne in mind that, although in developed countries inflation has reached unprecedented levels in recent decades, even a 10% price increase does not threaten developed countries with a serious decline in living standards, while in developing countries, especially in the poorest countries in Africa, a change in inflation can lead to hunger. Summarizing the article, we can say that inflation has indeed reached very high values today, especially when compared with the trends of recent decades, when the average level of price growth was very low. If we use a comparable calculation method, then in the United States and in a number of other developed countries, inflation is today the highest in 75 years. Such a trend can affect the consumer market and economic dynamics, becoming the cause of the crisis. It is unlikely that the current case will be an exception.